Grande Portage Resources Ltd. has received approval from the US Forest Service for its 2026 Plan of Operations, granting a drill permit for the New Amalga Gold Project in Southeast Alaska. The company also signed a letter of intent with Goldbelt Inc. to develop an ore export terminal at Cascade Point, located 22 kilometers from the project site. The New Amalga Gold Project, situated 25 kilometers north of Juneau and close to major infrastructure, boasts an indicated resource of 1,438,500 ounces of gold and an inferred resource of 515,700 ounces. The upcoming drilling program will focus on collecting geotechnical and hydrogeological data to support engineering and environmental evaluations as the project moves toward development. A Preliminary Economic Assessment is underway, with completion expected in the first quarter of 2026. The project is notable for not using chemical reagents in gold processing, reducing its environmental impact and simplifying reclamation and permitting processes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grande Portage Resources Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1129182) on January 20, 2026, and is solely responsible for the information contained therein.